Topic: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ BOUNTY AVAILABLE to make BEN merge mineable!! - page 32. (Read 94414 times)

I've been busy and haven't checked in a couple days so I wasn't sure. I won't worry about it for now but I should probably lower my payout threshold so it doesn't take so long between payouts.

Edit: The site is up now but the minimum payout is only able to be set to 100. 

I've had a small miner on pity for a while. Even when front end goes down mining seems fine

Mining seemed to be ok. Block explorer is getting attacked a lot recently, too

PityThePool has been under intense DDOS attacks for the past week - every day for about 6-12 hours.  We've been holding up under most but today was a monster and the web interface was definitely not responding most of the day.  Stratum mining has been operational during the attacks, as are cronjobs for payouts and such, so as long as your miner says you're connected you're still mining & getting paid.

Back online for now, hopefully for good

Same for me its been shady for a few day.

Might give up all this crypto bollox

Does anyone know what happened with ben.pitythepool.com? They're still accepting my shares but the website is down.

Any ETA?

Target also didn't encrypt any information

That's so awesome, because, typically people hate me on their conference calls.  It's like inviting a spark to a dry forest.

But, your policies above seem good.  Fumbling customer data is a major foul.

I am ready for any chat or meeting at any time.

You would have been good to have in our meeting a few weeks ago when we were discussing a lot of this. That's when we decided to trademark Paysha and register the DBA individually with FinCen

Transaction details only show the address it's coming from and going to. That's like writing a check, as that also has your account information on it. It goes back to what I was saying earlier, though, about the lockbox working one way. Even with your routing and account information, they can only put money in, not take it out.

All information, transactions and payments are verified with multiple layers in our system through several random identifiers, which I won't get into in public for obvious reasons

POS speed like it is with cards won't be possible operating this way, at least not with the current list of coins. There are a few options to do it, but that involves holding funds, which is not something we are looking to do right now. After the recent MtGox bullshit, we want to get the money to the seller as quickly as possible with no delays and not even give an opportunity for us to "misplace" it due to full automation

Another advantage to longer block times is more secure block chains, which is what Paysha is focused on, rather than transaction speed. As said earlier, most merchants are used to 2-3 days for ACH to transfer, so even at a few hours, we are still improving the wait time, not to mention lowering their merchant and transaction fees by +/- 50% depending on volume of credit and debit sales

On a legal note, we are only keeping the minimum amount of required information to keep both our website and payment structure in compliance, and again, that is only for our cold stored records, not to sell or share with anyone else, nor be stored online and accessible to attacks

So then,

VeeSA says: "Hur durr, maybes needs encryptions?  Much dollars needed!"

And, yet, that is what the SHA hashcube DOES: Encryption.

The blockchain of some good and true coin (not debauched by diff forks) if it can deliver true security where Visa hath fumbled (all their 1000s customers robbed the last holiday) will see an adoption like none every before.  AND YET, that coin must think ahead as to how to provide TX identifiers that are true, but which do not contain payload that contains user data.

From a legal perspective, if you look at the crushing penalties for fumbling customer data, well, it makes one want to become a lawyer (haha not really) because of the sheer volume of litigation which is pending against companies that now owe the states millions of theorized-legal-dollars in future terms, because of recent data fumblings.

All acceptors of any customer identifiable data, shall suffer hard fines if they screw that fiduciary duty up.  That is what the code says.  So, the coin which brings POS security, will exploit the current milieu which is one of customer pain and theft-sufferings.

Ideally, yes 

The way we are designing Paysha is with merchant funds in mind before anything else. This is why we won't be holding any funds

When it comes to POS, there's not too much we are ready to say, yet. However, think of the way the payment system will work as how cold storage works. It's a one way street where money can go in, but not come out

Think of it like the lockbox at a gas station. They have the safe that's locked with a slot to insert the receipts and cash from the register, but the people putting money in don't have the key to open the safe, so even if you rob the store and ransack the place, the stuff in the safe is left untouched

Keep in mind, as well, that we are using coin block chains to secure transactions, rather than our own systems



They are old school and don't understand the impact of mobile in today's business owners

^^^ These people have literally no clue.

Do you think merchants or taxpayers will want to pay the salaries of such educated-fools as these?  I say ditch these well paid failures, because, vulnerabilities and stupid flaws, always follow thinkers like these people.

They ALL should be fired, not just the CIO.  Well, my .02 cents as an IT worker.  I know how vulnerable the existing world's "money" actually is.

So this whole cryptocoin movement is basically 'the people' demanding a true security.  And yet, BTC is now fully associated with scumbag thieves of the highest level.  So, credibility is what is desirable in this era of well paid fools.

The template for your POS should be: Security.  I say this because the Visa model is being crushed by hackers (Target, TJX hack, etc) so whatever you come up with, it should sell itself because of being MORE secure than the old crap which is fading away.

I plan to start getting more people interesting and also get them mining.  Also I feel that mining as such, can be incentivized beyond the normal altcoins model that offers block rewards and all that, I mean I don't think that stuff is long-term in scope.  I know there are ways to have people adopt, and also mine.  This way, they are Benjamin miners from the git go, and they will participate by bringing more hashpower. 

Not just finding miners and playing their little games as to attracting them like flies, but more directly, getting n00bies up and mining BECAUSE they want Benjamins.  That is the key.  I feel a real grass roots potential, but yes I may have to mine a few Benjamins at a loss leading % but it's worth it based on the future I see.

I would like to hear about the other coins mentioned, which "failed" because they left the diff hig?  Give me some examples of dead SHA coins that have a true BTC profile.  I would like to know how their pattern could be Benjamins' pattern, so as to find ideas to deflect that possibility.

so

1: Think about how broken and failed the existing Visa/MC model and hardware are.
2: Convert some of the 7 billion non mining humans globally to become SHA miners for Benjamin
3: Think of ways to make each Benjamin more true and solid, not debauch them.

IMO BTC as well has cred issues due to bad press.  Sure, the military industrial complexes will be mining BTC forever, but regular people will want to put their hashes behind something with perhaps a bit more of a community around it.  The BTC community is allowing law enforcement to steal BTC (10% of all BTC now gone or captured) so SHA miners, I say jump to Benjamins and stay there throughout the whole next world war.   I say mine Benjamins because only true money undebauched, is Constitutional.

We are going to be exploring POS systems in the near future once our online system is sound and functional and we find the right guy for this part of the project. For now we are generating QR codes that can be used how UPC codes are currently used. A customer or employee can scan the QR code with any smart phone and be sent directly to that item's payment page. Not ideal as a POS solution, but functional temporarily

We are also going to offer Paper Wallet Payments, as well, though not at launch. This will allow merchants to redeem payment in physical form, rather than electronically

Yeah, but there are only relatively few Benjamins so I am fine mining them.  A lot of this is about adoption.  And I don't see any of these other coins doing anything except wimping out their difficulty so as to increase their pool, but this is short sighted and I am not convinced any of those other SHA coins have any potential like Benjamins.  I just have a good feeling about this one, the ghost of Benjamin Franklin seeks to bring prudence and long term thought to this sea of confusion.

So, can you guys think of any way to get merchants, to also be miners?  Because with that sort of buy-in (500 bucks for a cube say) they then would also be building the TX muscles a bit bigger.  People shell out big bucks for registers, so why not have one that serves as a register but also mines and facilitates the TX fluidity?  I was a POS tech for a long while so I feel that devices are a big part of whomever succeeds in this.  The one who makes the blockchain desirable for customers (merchants) is who will win. 

Last I heard they found a security hole and had nearly finished fixing it, but are hoping for a Beta by the end of this weekend

Still at 4400. Nice try, shallow pockets